When most people think about investing, they automatically think about the stock market. However, there are several other less popular options out there that can be just as or even more lucrative, and one that might not be on your radar is art investing.
Today we are going beyond the stock market and real estate to look at a less popular but lucrative investment, ART. Art is a 65 billion dollar industry. So let's explore why art is a popular investment choice among the wealthy and how you can get started in this exciting industry.
To summarize why art is a popular investment among the wealthy, art has been a more stable and better performer for the past two decades. It doesn’t depreciate. It’s value typically only grows with age.
Art has outperformed the stock market for the past twenty years and is excellent for preserving wealth.
So, what is art investing? In short, it is the process of buying art to sell at a later date for a profit. Just like any other investment, there are risks involved, but if you do your research and make intelligent choices, art investing can be a great way to build wealth.
There are several reasons to invest in art, but the most common is that art tends to appreciate in value over time. If you buy art today and sell it 20 years from now, you will likely make a significant profit.
Another reason art is such a popular investment choice among the wealthy is that it is relatively easy to diversify your portfolio. Unlike stocks and other investments, art is not tied to any particular market or industry, so that you can spread your risk across many different pieces.
If you're thinking about investing in art, there are a few things you should keep in mind. First, do your research and be sure to buy art that you believe is authentic and will appreciate over time.
Art fairs, auctions houses, and galleries are common places to start building your collections. However there are many other resources out there, such as fractional art shares. Fractional art shares is where you and several other buyers can own a fraction of a masterpiece that may be unattainable otherwise.
And finally, don't forget to have fun! Art investing can be a great way to build wealth, but it's also a great way to enjoy some of the world's most beautiful pieces.
If you're ready to get started in investing to build and retain your wealth, we specialize in providing financial planning for professionals, serving many doctors and dentists. We can help you create a customized investment plan that meets your unique needs and goals.